Thursday, April 14, 2016

Thursday roundup (04-14-16)

Policymakers fret as storm clouds gather over world economy (Reuters)

Central banks have it all wrong with their focus on cutting interest rates by Joseph E. Stiglitz (Marketwatch)

'A storm is brewing' - Germans worry about return of euro crisis (Reuters)

Eurozone Inflation Rate Revised up to Zero in March (The Associated Press)

IMF’s Lagarde issues call to ‘get real’ on Greek crisis (France24)

Will Treasury Debt Bomb Explode Future Economic Growth [in the United States]? (The Desert Sun)

Our Debt Problem Needs Action—Not Empty Promises (Time)

United Launch Alliance to lay off up to 875 by end of 2017: CEO (Reuters)

RBS planning to axe 600 UK jobs in cost-cutting plan – sources (Reuters)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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